Workshare announced the immediate availability of TRACE! V2, a free meta-ware utility for Microsoft Office users that automatically alerts individuals to the risk levels in the documents they touch. TRACE! V2 discovers content that violates federal regulations, corporate policy or personal privacy. TRACE! V2 runs continuous audits, alerting users to violations. TRACE! V2 comes with a document security management console that provides controls for scanning folders, emails and websites and visibility to recent document alerts. It also provides reporting on all documents, run either dynamically or in batch mode. TRACE! V2 improves on the hidden data capabilities of V1 to include document content analysis and exposes risks in the areas of intellectual property, financial disclosure, privacy and identity, profanity and regulatory restrictions. TRACE! V2 dynamically tracks nearly 100 content security risks and provides always-on alerts to users with risk level warnings of problems in new and existing documents. TRACE! V2 analysis combines document content with taxonomy. This capability can differentiate between the normally benign use of the word “confidential” in the document body versus its highly risky presence in document headers or footers. TRACE! V2 also automatically updates the list of risks when new security regulations – such as HIPAA, Sarbanes-Oxley, Section 501 of the Gramm-Leach-Bliley Act, Canada’s PIPEDA, the EC Data Protection Act and the California Breach Law (SB1386) – are issued. The free download of TRACE! V2 is available at